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Fraud, crime, and the Winklevii force DCG to freeze dividend payouts
Barry Silbert’s Digital Currency Group (DCG) has suspended shareholder payouts as it struggles to ride out a “wave of unprecedented fraud and criminal behavior” plaguing the industry.
As reported by CoinDesk, in a letter to shareholders on Tuesday, Silbert explained that the company was “focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity.”
Hosted on Acast. See acast.com/privacy for more information.
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By ProtosBarry Silbert’s Digital Currency Group (DCG) has suspended shareholder payouts as it struggles to ride out a “wave of unprecedented fraud and criminal behavior” plaguing the industry.
As reported by CoinDesk, in a letter to shareholders on Tuesday, Silbert explained that the company was “focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity.”
Hosted on Acast. See acast.com/privacy for more information.